It also includes preparation and filing of the required death tax returns, accounting, and distribution to the heirs in accordance with the wishes of the decedent as expressed in his or her will.
In the absence of a will, distribution would be made in accordance with the intestate laws of the Commonwealth of Pennsylvania or the State in which the individual domiciled.
Estate Administration Process
The process of Estate Administration requires document review and investigation in order to accurately determine an individual’s assets and liabilities. Death tax returns, as well as income tax returns are required, and governmental agency approvals must be obtained prior to an estate being closed. Postmortem tax planning is an integral part of the administration. Once the process has been completed, all of the transactions during administration are detailed in an accounting which is provided to the heirs and/or the Court, together with distribution proposals.
Estate Administration Services
H2R CPA Estate Administration services include:
- Asset collection/marshaling
- Preservation and/or liquidation of investments
- Debt and expense verification and payment
- Postmortem tax planning
- Estate distribution calculations
- All essential tax document preparation
Efficient, Outsourced Service
The Estate and Fiduciary Tax Services Division of H2R CPA provides all of these services as an outsource service for attorneys. We can handle the entire process with you or on your behalf with as much or as little visibility to the client as you deem appropriate. Our job is simply to ensure that the administration proceeds in a timely and efficient fashion.
The experience of the Estate and Fiduciary Tax Services Division of H2R CPA in the various aspects of estate administration and death related taxes is in excess of 65 years. This experience enables attorneys to provide clients with services not otherwise available to sole practitioners and smaller law firms without specially qualified in-house staff.
While it is not always possible, we are generally able to move the majority of our assigned cases through the probate process and taxing agencies quickly and efficiently, with the goal being to complete the administration and provide your clients with the assets to which they are entitled in accordance with the terms of the decedent’s will or intestate laws.
Meet Our Estate Administration Specialist
what we do
who we serve
Closely Held Businesses
High Net Worth Individuals
Fraternal Benefit Societies
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